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Government of India Bonds

The Bonds may be held by an individual, in his or her individual capacity, or on joint basis, or anyone or survivor basis, on behalf of a minor as father/mother legal guardian, a Hindu Undivided Family, Charitable Institutions and Universities. NRIs are not eligible to subscribe.

Minimum Rs. 1000/- and in multiple thereof with no maximum limit.

Repayable on expiry of 6 years from the date of issue. Premature encashment of the Bonds is not allowed.

The present rate of interest is 8% per annum.

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